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BYJUS BUYBACK
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...- More fintechs flip back; IT freshers hiring revivalHappy Tuesday! Lending startup Kreditbee has moved its domicile from Singapore to India. This and more in today's ETtech Morning Dispatch.
- Apple tops in blue-collar jobs; election merchandise now on ecommerceApple and its supplier network have become India’s leading blue-collar job creator since the start of the production-linked incentive schem...
- View: Kissa Kursi Ka, when guard rails don't workA court nullifying Elon Musk's $56 billion compensation reignites governance concerns over top management's omnipotence, as boards and shar...
- A big comeback likely at Byju’s Aakash; TCS chief on growth outlookHappy Monday! An important comeback seems to be in the works at Byju's-owned Aakash Institute, linked to the completion of the latter’s two...
- Ranjan Pai closes in on $300 million Aakash deal; tech firms face Israel crisisIn what could be a shot in the arm for Byju’s, Manipal Education and Medical Group chairman Ranjan Pai may invest as much as $250-300 milli...
- Byju’s lenders move to safeguard charged assets; upbeat Q2 numbers for TCSSecured creditors of Byju’s Alpha have onboarded two senior executives from risk and financial advisory solutions provider Kroll to ‘safegu...
- No ‘continuous consent’ for apps; Byju’s $1.2 bn loan terms to be amendedThe government is planning to do away with the concept of ‘continuous consent’ for applications and digital services by making it mandatory...
- Byju’s, lenders agree to close $1.2 bn loan terms by Aug 3; Swiggy’s $50 million Esop buybackByju’s and its lenders have reached an agreement to lock in the new terms for the $1.2 billion term loan B by August 3, according to a stat...
- PharmEasy devaluation: Thyrocare founder invokes anti-dilution; Flipkart employees to receive esop payoutHappy Friday! Arokiaswamy Velumani, founder of Thyrocare, which was acquired by PharmEasy in 2021, had secured anti-dilution rights when he...
- Byju’s promoters sold shares worth $408 million; Wipro investors ride high on share buybackThe promoters of Byju’s sold their shares for millions of dollars since 2015, according to a research and data platform. However, a spokesp...
- Byju’s cuts another 1,000 jobs; ‘year of efficiency’ at Meta, says Mark ZuckerbergTroubled edtech firm Byju’s, in a fresh round of layoffs, has fired another 1,000 employees. This and more in today’s ETtech Top 5
- Byju Raveendran raising funds to buy back up to 15% in edtech firm: reportCurrently, Raveendran owns about 25% of the edtech startup. Discussions with shareholders and financiers are still in the early stages and ...
- Narayana Murthy admits he was wrong; Amazon and Flipkart get DCW notice for acid salesSuccession was the buzzing theme at Infosys’ 40th anniversary celebrations on Wednesday, with the cofounders agreeing on the need to have a...
- Lightspeed, Moore Strategic Ventures invest in Razorpay’s $75 million secondary share saleRazorpay said about 650 current and former employees have sold their stock options as part of this share sale. According to the company, th...
- Thirty five non-founders now in Rs 100-crore stock options clubThe cohort is expected to rack up 100 members by the end of next year, according to estimates by Longhouse.
- Whatfix unveils its first-ever Esop buyback schemeAll current and former employees will have the option to liquidate up to 35% of their vested Esops under the buyback.
- PharmEasy valued at $1.8 billion as B Capital buys stake for $20 millionE-pharmacy conducts $3 million Esop buyback; Tiger Global also putting primary capital in Mumbai-based startup.
- Deal with itIn today's ETtech Morning Dispatch: Tata-BigBasket deal; Byju's may land new funds; and GreyOrange eyes US listing.
- Udaan to buy back employee stocks worth Rs 165-175 croreUdaan joins a slew of companies such as Cred, Swiggy, Razorpay, Acko, Zerodha and Browserstack that have announced Esop buybacks in the pas...
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